Tibnor’s acquisition of Ovako Metals Oy Ab confirmed
The agreement signed in December 2025 between Ovako and Tibnor, a subsidiary of SSAB, regarding the acquisition of Ovako Metals Oy, the Finnish distribution entity, has now also received approval from the competition authorities. The transaction is expected to be completed in the coming weeks.
Through the acquisition, Tibnor strengthens its position in the Finnish market. Ovako Metals Oy has strong roots in Finland’s steel and metal industry. The company stocks, processes and distributes steel and metals for the engineering, process and construction industries, primarily in